The editor of the High Tech Strategist newsletter believes money printing by governments around the world will lead to no good, and sees gold as a good place to hide. Apple, not so much.

This transcript has been automatically generated and may not be 100% accurate.

and ... our her her own wind up with Fred Hickey ... editor of The High Tech Strategist newsletter operated ... you're a longtime member of the Barron's Roundtable and you may have depressed me more than ever today I simply saying we're all too ... I'm fine with ... Paul Walker was and her to today so ... the role that was a was hard to do because I actually agree completely with what he was Woolley said ... and I'm very concerned about the money for ... the little world with trillion dollars into panic trillion dollars from here ... on women in my mind of that from mom ... from the ECB Bank of England so Sasol bankers as quintuple the county ... it's unprecedented to see ... the sum of money are now Akaka buckle and all points below effectively we've been doing that anyways it's time to go ... these lead to unintended consequences that are captured by the Fed wants ... it leads to wealth inequality which we can lead to ... social ... disharmony and eventually will be some trouble of potential and also ... the price Market recommends all messed up we have ... asset prices with bonds of things that that there are ... currently priced and ... they can lead to ... these problems this is my spring can lead to ... price controls and her neighbor policies all sorts of negative things that can occur in Kenya ... economies are pro ... European ... European Europe is in our session Japan was in the decline ... of dangling abandoning one's work is not helped all their back on heading towards recession in the U S brokerage for slow so idling isn't working or pulling into yours that's the history ... of money print for two thousand years ... so it is no surprise then ... that one of your ... investment the US does go right ... that's right um you'll get in there I like this the way to protect yourself isn't hard assets of gold a real estate ... things that are tangible ... they will hold a rally that stocks will hold some of the value ... but not all ... so you can be in stocks ... on nom really prices will rise but ... the best place ... historically it's his call and I think that we're ... close to a barn we've been in a sixteen month correction ... and this he was hopeful ... earlier on ... he mentioned that the summer numbers were very negative NAR their off the charts ... so I think we're going have a rally here shortly but that the correction ... for gold is over ... we had five of these in the past of his twelve year bull market is just one of them and it's going to pick up ... now because your area expertise is right um let's talk about the ... most ... popular testosterone happens to be the largest company in the world and leave ... although it's getting smaller and in the last three months Apple has gone from ... above seven hundred to announce broken below five hundred ... we see as the future for Apple it is pretty cheap stock in a single day reading ... it is definitely a cheap stock on the numbers ... the question is can the margins be sustained ... in the commodity market that they aren't ... I don't think that ... can they can sustain smart sold their stroll ... of this quarter's probably OK ... of their what's hurting the stock most recently ... in a rumors and reports from suppliers that are giving orders sharply ... so there's a lot to worry about the first quarter ... and what their numbers look like so it's it's kind of a dangerous game to buy out more here on the assumption that ... the fourth quarter numbers are going be okay if people can't do that they wanna look beyond ... and and this is a lot of competition the likes of Samsung mobile Android world ... odd that we ... bought it we priced ravenous we go for Nasdaq market smartphone market matures to lead to more price wars ... so it's it's a different overloaded looks cheap but ...